John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $72.19 and traded as low as $71.78. John Hancock Multifactor Mid Cap ETF shares last traded at $71.98, with a volume of 830,446 shares.

John Hancock Multifactor Mid Cap ETF Stock Performance

The stock has a fifty day simple moving average of $73.25 and a 200-day simple moving average of $72.19. The stock has a market cap of $5.91 billion, a P/E ratio of 19.62 and a beta of 0.99.

Institutional Trading of John Hancock Multifactor Mid Cap ETF

A number of institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC grew its holdings in shares of John Hancock Multifactor Mid Cap ETF by 21.7% during the first quarter. Kestra Advisory Services LLC now owns 163,533 shares of the company’s stock worth $10,976,000 after buying an additional 29,166 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in John Hancock Multifactor Mid Cap ETF by 47.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,073,547 shares of the company’s stock valued at $305,353,000 after buying an additional 1,309,269 shares during the last quarter. Dickmeyer Boyce Financial Management Inc. acquired a new stake in John Hancock Multifactor Mid Cap ETF in the 1st quarter valued at approximately $1,119,000. FFG Retirement Advisors LLC acquired a new stake in John Hancock Multifactor Mid Cap ETF in the 2nd quarter valued at approximately $3,210,000. Finally, Simplicity Wealth LLC lifted its stake in John Hancock Multifactor Mid Cap ETF by 31.2% in the 1st quarter. Simplicity Wealth LLC now owns 87,127 shares of the company’s stock valued at $5,848,000 after acquiring an additional 20,741 shares in the last quarter.

About John Hancock Multifactor Mid Cap ETF

The John Hancock Multifactor Mid Cap ETF (JHMM) is an exchange-traded fund that is based on the John Hancock Dimensional Mid Cap index. The fund tracks an index of US firms ranked 200-950 by size, weighted by multiple factors relative to their sector peers. JHMM was launched on Sep 28, 2015 and is managed by John Hancock.